US Dollar surge brings yen to near 40-year low
Synopsis The dollar remains strong against most currencies, nearing a 40-year low against the yen, as a potential US-Iran peace deal hangs in the balance
Synopsis The dollar remains strong against most currencies, nearing a 40-year low against the yen, as a potential US-Iran peace deal hangs in the balance. Federal Reserve projections hinting at a year-end rate hike are boosting the dollar, with traders watching closely for any intervention by Japanese authorities to support their currency. Despite a recent Bank of Japan rate hike, Japanese interest rates remain significantly lower than global counterparts.
The BriefWire